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Show S.L. firm A switch seeks t o lower rate DESERET NEWS, TUESDAY, MAY 18, C 7 1976 Ashworth Transfer, Oil project gets new life DENVER (AP) The federal government has decided to extend the life of the P&raho oil shale project near Rifle with a $12 million to $15 million contract. The experimental project, which had been funded by 17 oil companies, was to have been discontinued this month. Robert Seamans, head of the U.S. Energy Research and Development Administration (ERDA), said Monday the Department of Defense and ERDA have decided to contract with the Paraho Development Corp. to produce, refine kand store 100,000 barrels of shale oil over the next two years. Seamans said the project is designed to give the government more data on the production of fuels from shale oil. The oil firms had pumped $9 million into the demonstration project since Paraho was started in 1973 00 by Harry Pforzbeimer, an executive of Standard Co. of Ohio. Pforsheimer turned to the government after the private companies turned down his bid for further support. Seamans, at the news conference, also announced that large-scal- e oil shale development appears to be a long way off due to unsolved environmental and technical problems. He noted there is a tremendous amount of energy contained in western shale, most of it in Colorado. But anyone who looked at the kproblems realistically must question how rapidly we can develop oil shale, if we can at all, he said. Despite the problems, Seamans said ERDA is pressing hard for congressional approval of a $6 billion program to extend federal loan guarantees to oil shale and other synthetic fuels projects. A subscription price of $8 per share Gene Donovan, announced Monday. In converting from a mutual savings and loan association to a stock association, Prudential distributed 2,552,200 shares of stock to over 63,000 eligible account holders, he explained, and Dean Witter & Co., Inc., was retained to assess the value of the stork. The assessment has been completed on the basis of a study of the market and of the company. It. is interesting to note that at this subscription price, the aggregate market value of the free stock issued to stockholders amounts to $20,417,600, Donovan said. tion. Sales of stock were arranged for all shareholders of from 1 to 53 shares who desired to sell, Donovan said. In this way, the association reduced the number of stockholders. This was an economic consideration since the cost of servicing each shareholder has been computed at $5 a yi?ar. Donovan said the unsold shares of the larger shareholders who wanted to sell will help create an orderly market for the stock. He said Prudential will mail the stock certificates early next month. Checks will be mailed to those whose stock has been sold and to those who subscribed to buy stock and submitted advance payments of $10 per share. They will get the difference between the $8 subscription price and their $10 per share deposits. that stockholders apportioned less than 100 shares were offered the alternative of selling their shares at the subscription price to buyers designated as eligible to purchase stock at the subscription price. Under this arrangement, 378,800 shares of stock were taken up by He noted Croff seeks 1 4 oil leases to stockholders, W.D. Nebeker Jr., president of Croff Oil Co., said his firm has filed for 14 federal and state leases on the Overthrust Belt. The leases totaling 8,135 acres are located in four Idahocounties bordering Wyoming, and are adjacent to lease blocks held by larger oil companies. Croffs oil and gas royalties totalled $48,845 through April, which was 12 percent less than the amount received in the same period a year ago. medallion Marvin J. Johnson of Commercial Products for the RCA Service Company in Salt Lake City, has been awarded the companys mil- lionaire medallion in recognition of superior sales performance. The top award of the independent National Hotel Utah. Gov. Calvin L. Ramp ton will speak at the opening luncheon after Mayor Ted L. Wil- son welcomes the group. Other participants will be Trevor A. White, Washington, executive vice president, National Association of Mutual Tuesday's quotations Monday's debits , Same day last year Today's clearings Same day last year $179, 737,376 00 $146,173,012 00 $133,205,474.91 $70061,121,00 25 I 55 City and Los The flight will leave Los Angeles at at 7:30 a m. and arrive at 10:01 a m. in Salt Lake City. The return flight will leave Salt Lake City at 8:15 p.m. and arrive in Los Angeles at 8:48 p.m., according to Grant G. Murray, regional vice president in Salt Lake City. 6V .34 Livestock market ter 8 00 iuS ib. ewes 5 6 $'4 4 4H 4 65 - 3 19 260290 lbs. . 46 3W 354 Spring choice and prime 00; shorn slaughcull through good i The contracts total $1.5 the largest Cadillac Dealer in the Intermountain West has been selected to sell the only . 48 t PERSONAL lUiS MALPRACTICE r yvv lfFiJROUP HE 111! & 532 443 27'k 334 Street. Ogden 521-766- Nam. E3t East Broadway. Silt lake It OFFICES WORLDWIDE Bonds 130!! -- 7708 0 . Mwmi Bus. ...... 10 SERVE Rs. Address . . Statu City. Zip.. Your current op YOU Wanted Bald men and women volunteers row hair. . . object: i; 28 ways basis Edwards & Sons, Inc. 330 Trolley Square Salt Lake City, Utah 84102 LIABILITY 5 ULxijvi.ui wLJJl u J, ii jn'-w- ed MAIL TO: A. G. Amount to b Illustrated Carleson Cadillac 4$ 15 00. Estimates tor Wednesday: Cattle 2,000. hogs 1,600, sheep 100. J NORTH SALT LAKE Producer s Livestock Auction for Monday, May 17' Compered with Monday of last wee cows sold steady to 1.00 lower; bulls lower; not enough slaughter steers and heifers tor market comparl son; feeder steers uneven, weights under 600 Ib higher; heavier weights 2 25 lower with full decline on fleshy kinds weighing over 800 heifers higher on weights under 700 Ib; heavier weights 50 2 03.00 lower; heifer calves 1.00-higher steer calves SO higher Slaughter cattle; Utilities cutters 27 0 29 ?0i canners 6 M 44 00 COHMERCIAL Eubank Inauranoa 94 00; few lbs. 0049 00; No. 00; few 325 Its ibS. H W 18' 5 - No. 72 11 23 Livestock JOLIET, (UPI) Tuesday: Cattle 65; sales insufficient to establish an adequate market test. Hogs 800, barrows and gilts 50 cents to 1.00 lower. 49 25; No ith better insurance tailored to fit your needs The contracts are to develop improved techniques and equipment to be used in geothermal energy production. 7 43 slaughter lambs tn 2V 70' 10W - 11 2 3 The above figures are not projected, anticipated, assumed or based on "current" minimum rates, but are ABSOLUTELY GUARANTEED figures. COVERED OVER 78 3? 10H 7 to 7.5 interest compounded annually for 7 years, and then GUARANTEED level monthly payments to you or your beneficiary over a period of 30 years. The minimum GUARANTEED Total Return to you under this example is $332,408. This is a special limited offer. YOU Terra Tek Inc., has been awarded four contracts by the Energy Research and Development Administration, according to Company pres ident Sid Green. Ask 6 a deferred annuity $5,000 to $500,000 Amounts Accepted GOT gets contracts .40 in Na soles charge is ever deducted. No premium taxes are ever charged to your account. Guaranteed 100 return of principal. HAS growth within the past years. of do you deposit $100,000 GUARANTEED and issued by The Capitol life Insurance Company, you are GUARANTEED Earnings accumulate firms phenomenal 10 Kenvin Campbell has been named manager of the Ernst Home Center in Midvale. Any Insurance Company in America to Make You the to receive your money on a without charges or penalties. management techniques to coincide with the SAcurttUa Bid Ib. 47.50-400; 46 ; 2 4 265 295 Ib. 44.75-400. Sows unoer 500 ib. 25 lower, over 500 lb. 5fr 75 lower ; 3 330 4v0 Ib 42 00 47 25 ; Ib 43.00 43 25. Sheep 200. Steady. JfiMBS trical systems repair firm develop modem The selection of the Utah team was made from a group of 22 competitors which had been narrowed from a field of 7,500 counselling cases. The Small Business Institute is sponsored by the Small Business 3 Shar Malouf, Mgr. ( Training Available) and Michael O. Halloran. Other team members were Don Taylor, Majid Behjeti and Da vid Heasley . The U. team was honored for helping an elec- City, 7 VJG (SEIAUGKSG If 487-492- 1 resentatives Dennis additional round trip flight between Salt Terra Tek Altind Aitex TlntteMln, 500 at 19 Amalsob Craft, l.ono at 25 and 1,000 at .23 and UtahCms. 1,000 at .18 1,500 at 71 Amexpr Ams&l UtWyoCns, 400 at 1.10 GoidChain, 4,500 at 27 Ardmav Arpcai Beehmed Bemtclsa Brwngco TuesdoVs quotations Cbi&rlm Chrstlnc hulls 33 KANSAS CITY (AP) good to low choice Contbk Quotations DynaAmer Ib steers 37 2540 50. or Tuesday. Cattle 700. Slaughter Feeder cattle: Choice steers Ib Equitoil steers and heifers scarce. Slaughter F&R Truck Ib 45.00-5cows steady. Feeder cattle and 45.2549.70; 00, Ib 40 2545.25; Ib 40.00-4- 3 75; FstsecCb calves little changed. Slaughter cows FstsecPfd Ib 7251,020 Ib Holsutility and few commercial 30 tein steers 32.75-300; heifers choice X, higher dressing Ib 39.2541.75; 0 Ib ; Feeder steers good and choice Feeder heifers lb 35.26-4lb. 80; choice 305385 Ib heifer calves 37 2543 30; good ib 35.00-3good and choice to choice 275390 Ib steer , calves 00. few head around 650 lb. Ib Dr. Webb An Salt Lake (801)531-033- Chris with the 3000 Highland Peterson, assistant dean of the U. of U. College of Business Administration, and to student team rep- Western adds new L.A. flight E Following Guarantee: EXECUTIVE MODEL SHOP Mrs. Peterson 00 16 i Transportation the Year award. Fred. S. James & Co. of Utah .10 III. Lake Club, you tread me or my friend a a Model, PR Girl, Fill in Receptionist, Typit or for TV or Rgdio Spot, call us at M0 50. presentMantheof will EXECUTIVE MODEL SHOf president. Quotations from the NASO are representative Interdealer prices as 2.371 approximately p m. Interdealer markets change throughout the day. Prices 70 not include markup' markdown or commission. Hogs 2,500. Barrows and gilts under 250 lb. 50 to mostly 75 lower; reduced supply over 250 Ib. steady to ib. 48 25; 25 lower; and the National Defense Transportation Association will be held May 22 at 7 p. m. in the Salt Lake Ramada Inn. Guest speaker at the meeting will be Gov. Calvin L. Rampton who Salt 25 So. 500 84102 Transportation Ogden If 31 32 the CONTACT: tOSEPH SALES OR RICHARD CHATHAM. CHATHAM SECURITIES CORP. Club, Hi! I'm 4.1JV .05 19 manufactured washing S.L group plans meet of a FLOW" problem? Perhaps the conversion of a portion of your existing short term debt to equity capital could strengthen your company's borrowing powei. Or, if you are starting a new business, or maybe In the market for an acquisition, merger, or underwriting. machines. Transportation .15 6 "CASH grandson dent. At one time, the company Agents and Harold W. Lake PRESIDENT company have Leroy Anderson, of Anton, is presi- The annual joint meet- (NAMIA); Traub, Lakewood, N.J., NAMIA president. Host of the convention is the Utah Association of Mutual Insurance Agents, Jesse H. Monson, additives, is your E. Ogden. t& tolk ing The commission agreed to reduce the rate on cement, effective June 3. 1 trod Outstanding Small Business Institute Counselling Case for 1975 has been presented to a team representing the University of Utahs College of Business. The presentation was made in Washington, D C., to Prof. Gertrude People on the move Tuesday's quotations Aik .0) .03', 200 insurance agents from a area will par ticipatc in a regional convention Thursday through Saturday at the state in 896. It is still strong 80 years later. But company headquarters are located now in business team honored U. 1. Bank clearings Intermountain Stock Exchange A the turn of tho century, this little office In Smithfield, Cache County, was one of several operated by Anderson Lumber Co. in Utah and Idaho. The firm, founded in Logan in 1 890 by Anton Anderson, is one of the businesses that was in existence when Utah became a Angeles will be initiated by Western Airlines July Millionaire report im Then and now six-sta- te about half the total eligible buyers shares offered for sale. Those designated as eligible to buy the shares at the subscription price were current account holders, those eligible to receive stock in the free distribution and employes and officers of the associa- has been set on the stock of Prudential Federal Savings and Loan Association, the firms president and chairman, In a Over cement operating expenses have proved to be less than anticipated, and the present charge is excessive. throughout the state. The firm was granted a rate increase Feb. 15, 1976. 1896 Insurance convention Prudential Federal to sell for $8 a share But Ashworth told the PSC that since adoption of the rate Increase, its Inc., has asked the Utah Public Service Commission to do something unusual let the trucking company reduce its rates on hauling cement products by about 10 percent. Ashworth is one of two Utah companies licensed to transport cement in bags and in bulk, and in the Intermountain West Last of a Magnificent Breed In Our Showroom On Display Now ... in thinning hairline, partially bald and totally bald areas. 0 1070 So. Main 521-444- 4 Grain futures Monday's quotations STAY WITH THE FOXY LADY We've got comfortable rooms, great value for your dollar ($19 per night, single occupancy) and the liveliest Disco and Restaurant in town. The Foxy Lady. We re across from the Denver Mint. Superb accommodations; free parking. And the Foxy Lady Lounge and Restaurant. denver marina ; s hotel j Ol l( Hi If I. It V.Ot.IM I OS ANGlLLSuSAN fRANC 'LCD- rRLLNO 1'l (Aml.K Compn For reservations see your travel agent or call toll free 531-111- 1 In California call 800 0 622-083- To further confirm our earlier successful tests and treatments, the Melwood Steele Centre for restoration of hair is conducting a limited number of double blind tests on volunteers with Male Pattern Baldness (Alopecia). These tests are pursuant to Federal Food and Drug Administration regulations. In a double blind test, neither the subject nor the technician knows which half of the group receives the Melwood Steele hair restoration formula and which half receives the treatment minus the formula (Placebo). All volunteers will receive six weeks free treatment. The people who receive the treatment minus the formula will receive six weeks of free treatments after the test period. Everyone tests will be wishing to participate must agree to receive 6 treatments per week. These of Doctor of a Dermatology. conducted under the supervision the same time Melwood Steele Centre is conducting the double blind tests, other fee applicants will be accepted to further pursue the growth of hair under the regular At schedule. For details, call or come into the Melwood Steele Centre. All inquiries will be held confidential. ftHelwood 1 037 East 3300 South Steele Centre Phone; 437-62- 5 1 1 J |
